Hedge Fund manager Ray Dalio is having a mighty good year. At 67-years-old, the legendary hedge fund manager is sitting at the top of the heap. His firm, Bridgewater, not only made more than the funds of George Soros, Ken Griffin, and David Tepper—he left them in his dust. Through Bridgewater, Dalio manages more than $117 billion and saw net gains of 4.9% in 2016.
That said, Dalio does have an advantage over Ken Griffin, David Tepper, and Daniel Och. His fund has been in business for roughly 20 more years than Citadel, Apaloosa, and Och Ziff.
Overall the top seven hedge fund managers saw more than $200 billion in gains on $275 billion in assets since each fund was started. The top hedge fund managers generated returns of $10.6 billion in 2016.
#7. Och Ziff – Daniel Och
Net gains in 2016: $1.1 billion
Net gains since 1994: $23.1 billion
Total assets: $33.5 billion
In September 2016, Och Ziff settled charges of bribery and paid nearly $200 million to the SEC. Daniel Och paid $2.2 million of his own money as did CFO Joel Frank. Och Ziff was accused of bribery in its dealing in Africa. The SEC accused the fund of being involved with relatives of Muammar Gaddafi. Kind of shady stuff, if you ask me.
#6. Appaloosa – David Tepper
Net gains in 2016: $0.7 billion
Net gains since 1993: $23.5 billion
Total assets: $15.8 billion
David Tepper was vocal in his support of Hillary Clinton for President of the United States. He went as far as to call Donald Trump "the father of lies." However, Tepper has said that the U.S. would benefit from spending to build up infrastructure, which was a key policy of Trump's campaign.
#5. Citadel – Ken Griffin
Net gains in 2016: $1 billion
Net gains since 1990: $25.2 billion
Total assets: $24.1 billion
Ken Griffin's Citadel has been on a hiring spree. The fund hired portfolio manager Jennifer Pollack away from Folger Hill Asset Management's. She is just one of 17 new portfolio managers at the very successful fund.
#4. The Baupost Group – Seth Klarman
Net gains in 2016: $2.7 billion
Net gains since 1983: $25.3 billion
Total assets: $31 billion
Seth Klarman and Baupost took a big chance on Citigroup last year and it paid off. The bank's stock price has been on the rise.
#3. D.E. Shaw – David Shaw
Net gains in 2016: $1.2 billion
Net gains since 1988: $25.3 billion
Total assets: $27 billion
David Shaw's D.E. Shaw is the top ranked computer-driven hedge fund, which isn't a bad thing to be in this day and age.
#2. Soros Fund Management – George Soros
Net gains in 2016: Loss of $1 billion
Net gains since 1973: $41.8 billion
Total assets: $28 billion
George Soros was a vocal backer of Hillary Clinton for President of the United States and when she lost to Donald Trump, his funds took a direct hit. On February 1st, Soros confirmed that Dawn Fitzpatrick is making the move from UBS to Soros to take over the chief investment officer position. Fitzpatrick is one of the most prominent women in the hedge fund industry.
#1. Bridgewater – Ray Dalio
Net gains in 2016: $4.9 billion
Net gains since 1975: $49.4 billion
Total assets: $117.8 billion
Ray Dalio is another fund manager who is wary of the potential policies of Donald Trump. In particular it is his populist policies that bother Dalio. The venerable fund manager feels populism could hurt the world economy.